Tdam USA Inc. decreased its holdings in shares of Cognizant Technology Solutions Corp (NASDAQ:CTSH) by 9.8% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,577 shares of the information technology service provider’s stock after selling 495 shares during the quarter. Tdam USA Inc.’s holdings in Cognizant Technology Solutions were worth $290,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also modified their holdings of the company. State of Tennessee Treasury Department lifted its position in shares of Cognizant Technology Solutions by 54.0% in the first quarter. State of Tennessee Treasury Department now owns 231,079 shares of the information technology service provider’s stock worth $16,742,000 after buying an additional 81,027 shares during the last quarter. Signition LP acquired a new stake in shares of Cognizant Technology Solutions in the first quarter worth about $593,000. FMR LLC lifted its position in shares of Cognizant Technology Solutions by 21.9% in the first quarter. FMR LLC now owns 15,767,608 shares of the information technology service provider’s stock worth $1,142,362,000 after buying an additional 2,827,833 shares during the last quarter. Exane Derivatives lifted its position in shares of Cognizant Technology Solutions by 16,331.5% in the first quarter. Exane Derivatives now owns 29,248 shares of the information technology service provider’s stock worth $2,118,000 after buying an additional 29,070 shares during the last quarter. Finally, Motco lifted its position in shares of Cognizant Technology Solutions by 5.9% in the first quarter. Motco now owns 68,773 shares of the information technology service provider’s stock worth $4,982,000 after buying an additional 3,857 shares during the last quarter. Institutional investors and hedge funds own 88.41% of the company’s stock.

CTSH has been the subject of a number of analyst reports. Daiwa Capital Markets cut Cognizant Technology Solutions from a “buy” rating to a “hold” rating in a research report on Tuesday, May 7th. Needham & Company LLC cut Cognizant Technology Solutions from a “buy” rating to a “hold” rating in a research report on Friday, May 3rd. Nomura cut Cognizant Technology Solutions to a “hold” rating in a research report on Friday, May 3rd. Morgan Stanley set a $64.00 price target on Cognizant Technology Solutions and gave the stock a “sell” rating in a research report on Friday, May 3rd. Finally, JPMorgan Chase & Co. cut Cognizant Technology Solutions from a “neutral” rating to an “underweight” rating and reduced their price target for the stock from $83.00 to $65.00 in a research report on Friday, May 3rd. Five research analysts have rated the stock with a sell rating, sixteen have issued a hold rating and seven have assigned a buy rating to the company. Cognizant Technology Solutions has an average rating of “Hold” and an average target price of $74.48.

Shares of NASDAQ CTSH traded down $0.04 during trading hours on Thursday, hitting $60.61. 1,003,327 shares of the company’s stock were exchanged, compared to its average volume of 3,491,923. Cognizant Technology Solutions Corp has a 1-year low of $56.73 and a 1-year high of $78.59. The company has a debt-to-equity ratio of 0.13, a current ratio of 2.55 and a quick ratio of 2.55. The stock has a market cap of $33.78 billion, a PE ratio of 15.08, a price-to-earnings-growth ratio of 1.53 and a beta of 1.01. The firm has a 50-day moving average of $64.35.

Cognizant Technology Solutions (NASDAQ:CTSH) last issued its quarterly earnings results on Wednesday, July 31st. The information technology service provider reported $0.94 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.93 by $0.01. Cognizant Technology Solutions had a return on equity of 20.52% and a net margin of 12.61%. The firm had revenue of $4.14 billion for the quarter, compared to analyst estimates of $4.13 billion. During the same period in the previous year, the company posted $1.05 earnings per share. The company’s quarterly revenue was up 3.4% compared to the same quarter last year. On average, research analysts predict that Cognizant Technology Solutions Corp will post 3.96 earnings per share for the current year.

The company also recently declared a quarterly dividend, which will be paid on Friday, August 30th. Investors of record on Thursday, August 22nd will be paid a dividend of $0.20 per share. The ex-dividend date of this dividend is Wednesday, August 21st. This represents a $0.80 annualized dividend and a yield of 1.32%. Cognizant Technology Solutions’s dividend payout ratio is 19.90%.

In other news, CEO Brian Humphries purchased 19,000 shares of the stock in a transaction that occurred on Thursday, May 23rd. The shares were purchased at an average cost of $61.09 per share, for a total transaction of $1,160,710.00. Following the completion of the purchase, the chief executive officer now directly owns 19,000 shares of the company’s stock, valued at approximately $1,160,710. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, SVP Robert Telesmanic sold 3,343 shares of the business’s stock in a transaction dated Monday, May 20th. The shares were sold at an average price of $60.00, for a total value of $200,580.00. Following the transaction, the senior vice president now owns 7,337 shares in the company, valued at $440,220. The disclosure for this sale can be found here. Insiders have sold 47,120 shares of company stock worth $2,960,866 over the last 90 days. Corporate insiders own 0.56% of the company’s stock.

Cognizant Technology Solutions Company Profile

Cognizant Technology Solutions Corporation, a professional services company, provides consulting and technology, and outsourcing services worldwide. The company operates through four segments: Financial Services; Healthcare; Products and Resources; and Communications, Media and Technology. It offers analytics and artificial intelligence, digital engineering, intelligent process automation, interactive, and hybrid cloud services and solutions; and application development, systems integration, application testing and maintenance, infrastructure, and business process services.

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Institutional Ownership by Quarter for Cognizant Technology Solutions (NASDAQ:CTSH)

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